Swap meaning

swŏp
An exchange of one thing for another.
noun
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A contract in which two parties agree to exchange periodic interest payments, especially when one payment is at a fixed rate and the other varies according to the performance of a reference rate, such as the prime rate.
noun
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To exchange, trade, or barter.
verb
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An exchange, trade, or barter.
noun
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A negotiated contract as between two corporations for a mutually beneficial exchange of currencies, loans, etc.
noun
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A custom-made and negotiated transaction designed to manage financial risk over a period of 1 to 12 years. Two individuals can create a swap, or a swap may be made through a third party such as a brokerage firm or a bank. Swaps are used to manage risk and often settlements occur in cash, not in delivery of the actual product or financial instruments. Examples of swap transactions include currency swaps, interest rate swaps, and price swaps for a variety of commodities. An example of a currency swap is an agreement to sell $1 million of Japanese yen three months in the future at ¥116.50.
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(finance) A financial derivative in which two parties agree to exchange one stream of cashflow against another stream.
noun
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See HomeRF.
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An exchange of two comparable things.

noun
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(computing, informal, uncountable) Space available in a swap file for use as auxiliary memory.

How much swap do you need?

noun
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To exchange or give (something) in an exchange (for something else).
verb
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To swap is defined as to trade or exchange.

An example of to swap is give a friend a scarf in exchange for a pair of mittens.

verb
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The definition of a swap is a trade or exchange.

An example of a swap is a child trading his pretzels for popcorn at snack time.

noun
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To trade one thing for another.
verb
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To exchange (one thing) for another.
verb
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swap out
  • To exchange or substitute for another of the same kind.
idiom
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Idioms and Phrasal Verbs

Origin of swap

  • Middle English swappen to strike, strike the hands together in closing a bargain

    From American Heritage Dictionary of the English Language, 5th Edition

  • Uncertain, probably from imitative origin.

    From Wiktionary